Speaking to Walmart International workers this week he said: "The first expectation for Walmart International is about growth. My expectation is to add customers and stores and to grow Walmart International at an even faster pace." Walmart International sales rose 21.4% to $25bn in the three months to April.
US: Wholesale giant Costco has reported a 9% jump in US sales to $6bn for the four weeks to 30 May, while sales rose 10% to $57.17bn in the 39 weeks to 30 May. Sales in the international division increased 17% and 21% respectively over the same periods. Inflation in fuel prices and currency exchanges had boosted sales, Costco said. Costco has been voted the best place to shop in the US for price, value and shopping experience by the annual Consumer Report America's Top Stores survey.
Group net profit rose 45.7% to 274m during the period, boosted by re-adjustments for its former subsidiaries. The market remained challenging, warned CEO John Rishton, with customers focused on value and promotions. "Despite these conditions we remain confident in our ability to balance sales and margins," he added.
Unilever said the deal should be completed in the fourth quarter of 2010, and added: "We believe the process will balance the legitimate interest of the commission with the company's desire to maximise the opportunities from an acquisition that will deliver more value to consumers, customers and investors."